[ad_1] NEW DELHI: The Supreme Court stayed the appointment of state-owned NBCC as the project management consultant for completing 16 stalled housing projects of debt-ridden real estate firm Supertech Ltd, which are valued at approximately Rs 9,500 crore.A bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan heard two appeals…
[ad_1] NEW DELHI: The Reserve Bank of India (RBI) has imposed a fine worth Rs 46.7 lakhs on three firms for non compliance with certain provisions of directives issued by the Reserve Bank of India. In three separate press releases issued by the apex bank on 21 February, it issued a monetary penalty on CitiBank…
[ad_1] NEW DELHI: Bank credit and deposit growth slowed in the October-December quarter of 2024, according to data released by the Reserve Bank of India. In December 2024, the annual bank credit growth fell to 11.8 per cent, against the 12.6 per cent recorded in September 2024. Similarly, aggregate deposit growth eased to 11 per…
[ad_1] NEW DELHI: India’s foreign exchange reserves broke the three-week upward streak for the week that ended on 14 February, falling by $2.54 billion to reach $635.721 billion, according to data released by the RBI on Friday.This follows a rise of $7.654 billion in the previous week to $638.261 billion.India’s forex reserves had reached an…
[ad_1] CHENNAI: Amid fresh tension at the Samsung Electronics plant, the Korean giant has asked the Tamil Nadu govt to ensure the security and safety of workers at the factory and work towards ease of doing business, marking a departure from its earlier stance when sought to engage with protesting workers without going public with…
[ad_1] MUMBAI: In a move aimed at easing liquidity in the banking system, RBI rejected all bids for its Rs 26,000 crore auction of 91-day and 182-day treasury bills on Thursday. The decision comes amid a cash squeeze, aggravated by RBI’s intervention in the forex market, where it has been selling dollars and draining rupee…
[ad_1] Tesla, under Elon Musk’s leadership, is reportedly seeking retail space and recruiting staff to sell vehicles in India. (AI image for representative purpose) Tesla India entry: India may introduce an on-tap facility process for electric vehicle manufacturing under the soon to be unveiled guidelines of the incentive programme announced in the previous year, according…
[ad_1] In the absence of fresh catalysts, market experts anticipate Nifty to move sideways near current levels. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Friday. While BSE Sensex was below 75,700, Nifty50 was near 22,900. At 9:26 AM, BSE Sensex was trading at 75,664.09, down…
[ad_1] Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, ONGC and Crompton Greaves Consumer Electricals are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for February 21, 2025:Index View: NIFTYThe Index has been consolidating with high volatility over the…
[ad_1] MUMBAI: The customs department stuck to its stand on its demand of Rs 12,000 crore duty from Skoda Auto Volkswagen India, saying it wants to bring the company in line with the law and with other auto importers, who are paying the same 30% duty on such imports. Additional Solicitor General N Venkatraman said…
